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Illinois extends foreclosure grace period to 2016

Gov. Pat Quinn signed legislation into law this week extending the Illinois Homeowner Protection Act until 2016. The law, which would have been repealed on July 1, provides struggling Illinois homeowners with a 90-day grace period to seek housing counseling and potentially refinance before foreclosure proceedings are started. Read more in the Chicago Tribune.

About Jon Broadbooks

Jon Broadbooks is Director of Communications for the Illinois Association of REALTORS®. He supervises and carries out the implementation of the communications programs for the Association. He directs and supervises the Communications staff. He is responsible for coordinating and implementing the public relations and media relations efforts for the Association and acts as spokesperson and liaison to the statewide news media. He serves as editor of online and print content for IAR communications including the Illinois REALTOR® magazine and e-newsletters. He conducts IAR spokesperson training seminars and oversees the operation of website development for the Association.